MODELLING CHANGES IN INDIVIDUAL INC TAX INCENTIVE
REMOVAL OF A TAX INCENTIVE PROGRAM THAT INCREASES THE TAXPAYER LIABILITY BY $200 Million.
(Decrease in Household Income by $200 M)
INCREASE IN STATE AND LOCAL GOVERNMENT REVENUES AS A RESULT OF ENDING THE TAX INCENTIVE PROGRAM.
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Hello RJ, Normally, you would model the new tax intake as an increase in general government activity. After creating a model with multipliers, Under Setup Activities>Activity Options>Import>Institution Spending Pattern choose, for example, State/Local Govt NonEduction. The imported spending pattern will sum to $1. You would need to edit the Activity to set the level to the total new budget to be spent on Non-education activity, then run the scenario to create impact results. Please let us know if you have any further questions.
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